Speaking of Dividends

Spinoffs Boost Payouts

Kraft Foods and Phillips 66 enrich their quarterly dividends.

A pair of companies that were spun off in 2012 enriched their dividends last week: Kraft Foods Group and Phillips 66 .

On the occasion of its first anniversary as an independent company, Kraft sweetened its quarterly common payout 5% on Tuesday, to 52.5 cents a share from 50 cents. Yield: 4%. "We are out to consistently prove Kraft is the best investment in our industry," said CEO Tony Vernon. A year ago, Kraft, with annual revenue of over $18 billion, divided into two publicly traded companies. Mondelez...